AML & Prohibited Activities (Investigations) Analyst (6 months contract)

Ongoing Monitoring sits in the first line of defence (1LOD) operations department at Tide and is responsible for monitoring the activity of SME customers (members) to prevent, detect and report sanctions, money laundering, terrorism financing, tax evasion, bribery and corruption, money mules and fraud. The role is a key element of the ongoing monitoring team, ensuring genuine members are put first while spotting and investigating potentially suspicious activity.

Responsibilities

Monitor and investigate alerts generated by automated transaction monitoring and sanctions screening systems; Conduct risk-based reviews of customer accounts and transaction histories to identify suspicious patterns or activities; Synthesize information from customer profiles (KYC/CDD), public records, adverse media and internal data; Assess transactional activity in the context of financial crime typologies; Draft concise reports on findings before discounting an alert or reporting suspicious activity; Contact members and partner bank representatives to seek contextual information without tipping off; Draft and present well-reasoned SAR recommendations to experts responsible for filing SARs with regulatory authorities; Compile supporting documentation and evidence for audit purposes; Analyze potential sanctions hits against international lists (OFAC, EU, UN, HMT) for cross-border payments; Differentiate true matches from false positives using a risk-based approach; Escalate confirmed sanctions hits to management immediately; Gain in-depth understanding of alert review tools and call out efficiencies in tools and processes; Manage own case load to meet productivity, quality and customer experience targets; Participate in internal and external training on fraud detection and prevention; Treat members fairly; Recommend process improvements to prevent future fraud; Build good relationships with departments across the organisation

Requirements

Good understanding of financial crime typologies including money laundering, terrorist financing, fraud, sanctions evasion, bribery, tax evasion and suspicious activity reporting; Passionate and proactive about detecting and preventing financial crime; Understanding of financial crime in a global financial setup with a focus on UK and Europe; Exceptional communication skills in English (written and spoken); Ability to use expert judgement to recommend whether a case warrants a Suspicious Activity Report (SAR); Open to flexible shift timings and patterns (five days working with two days off, not necessarily weekends); 2 to 4+ years of experience in transaction monitoring or financial crime risk-related roles in financial services; Keen eye for process improvements; Analytical mind able to digest large data sets and spot patterns and trends; C1/C2 level of spoken and written English

Benefits

Group Life Insurance; 27 days holiday; 3 days for L&D or volunteering time off per year; Professional L&D budget per year; Snacks, light food and drinks in the office; Enhanced family-friendly leave; Sabbatical leave